CFS Monetary Measures for November 2013

Today we release CFS monetary and financial measures for November 2013. CFS Divisia M4, which is the broadest and most important measure of money, grew by 2.7% in November 2013 on a year-over-year basis versus 3.7% in October.

The unusually low number was likely influenced by diminished repurchase agreements over the Thanksgiving holiday. Excluding the holiday effect, we estimate that CFS Dvisia M4 would have increased by 3.4% on a year-over-year basis in November.

For Monetary and Financial Data Release:

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